Reserve Studies for Home Owner Association

Home Owner Associations typically have fewer components than other types of common interest communities but these components are often costly and require significant reserve balances. It has been our experience that it is the components which are infrequent but costly that prove to be most problematic for HOA Boards to fund for. Typically this will include retention / detention ponds, asphalt, landscape refurbishing, undergrounds sprinklers and fencing.

Not adequately funding for these items is typically due to Boards “kicking the can down the road” or just having a lack of knowledge regarding the obligations of the HOA. It is also not an uncommon scenario for us to speak with HOA Boards who are unsure of the responsibilities of the HOA. This requires a review of the legal description and governing documents before we are able to compile an accurate component list.

Learn more about Reserve Studies for HOA communities at this link: Reserve Studies For Home Owner Associations